Quality Foods (London) Ltd - Filleted accounts

Registered number

03945543

Quality Foods (London) Ltd

Filleted Accounts

31 March 2025

Quality Foods (London) Ltd
Registered number:		03945543
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		220,433			227,833

Current assets
Stocks		95,282			83,335
Debtors	4	12,162			38,796
Cash at bank and in hand		125,422			116,458
		232,866			238,589

Creditors: amounts falling due within one year	5	(164,579)			(191,421)

Net current assets			68,287			47,168

Total assets less current liabilities			288,720			275,001

Creditors: amounts falling due after more than one year	6		-			(950)



Net assets			288,720			274,051

Capital and reserves
Called up share capital			100			100
Profit and loss account			288,620			273,951

Shareholders' funds			288,720			274,051

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Syed Hussain
Director
Approved by the board on 18 November 2025

Quality Foods (London) Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			15% Reducing Balance Method
	Motor vehicles			25% Reducing Balance Method
	Freehold Property			2% Straight Line Method

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					17		19


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	266,753		231,717		24,200		522,670
	Additions	-		7,614		-		7,614
	At 31 March 2025	266,753		239,331		24,200		530,284

	Depreciation
	At 1 April 2024	85,465		190,910		18,462		294,837
	Charge for the year	5,335		8,244		1,435		15,014
	At 31 March 2025	90,800		199,154		19,897		309,851

	Net book value
	At 31 March 2025	175,953		40,177		4,303		220,433
	At 31 March 2024	181,288		40,807		5,738		227,833

4	Debtors					2025		2024
£							£

	Trade debtors					5,139		31,786
	Other debtors					7,023		7,010
						12,162		38,796

5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					109,246		131,765
	Corporation tax					8,125		10,962
	Other taxes and social security costs					1,430		1,370
	Other creditors					45,778		47,324
						164,579		191,421

6	Creditors: amounts falling due after one year					2025		2024
£							£

	Other creditors					-		950

7	Other information

	Quality Foods (London) Ltd is a private company limited by shares and incorporated in England.